Why the broader U.S. stock market has ‘a lot riding’ on Big Tech earnings

A small group of technology giants have fueled U.S. stock-market gains this year, creating high anticipation for their soon-to-be-released earnings reports.

Big Tech stocks have driven 86% of the S&P 500’s performance so far this year, according to the note, citing seven stocks including Apple Inc. AAPL , Microsoft Corp. MSFT , Google parent Alphabet Inc. GOOGL . , Amazon.com Inc. AMZN , Nvidia Corp. NVDA , Facebook parent Meta Platforms Inc. META and Tesla Inc. TSLA . Most of these companies will report their first-quarter earnings this week and next.

Results for Apple, whose 7.1% weight in the S&P 500 index SPX is the largest among Big Tech companies, will be released next week, according to the note. Big Tech companies have been “holding up” U.S. large-caps stocks in 2023, said Colas. “Without them, the S&P 500 would only be up 1.1 percent on the year.”

Shares of the iShares Russell 1000 Growth ETF IWF have jumped around 12% so far this year, according to FactSet data, at last check. But this month, the fund is down around 1.7% based on Tuesday afternoon trading levels.

Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen

Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.

U.S. stock futures dip as investors eye big-tech earningsInvestors were cautious ahead of a batch of company earnings, while also wary of looming economic data that may color the Federal Reserve's thinking.
Herkunft: MarketWatch - 🏆 3. / 97 Weiterlesen »

Big Tech Q1 Earnings to Peel Back Curtain on Digital Ad MarketFor Variety VIP+ subscribers: Big Tech Q1 earnings are set to peel back the curtain on the the digital ad market, and it’s a moment of truth
Herkunft: Variety - 🏆 108. / 63 Weiterlesen »

Here's what this investor is looking for as Big Tech earnings approachThis week will see some of the larger tech firms on Wall Street report quarterly results, including Microsoft, Google-parent Alphabet, Amazon and Meta.
Herkunft: CNBC - 🏆 12. / 72 Weiterlesen »